Public-domain · open source
OpenJurist

Mo. Rev. Stat. § 436.445

Trustee not to make decisions, when

Known as the Uniform Athlete Agents Act

The act spans §§ 436–436 (89 sections).

Effective: 28 Aug 2011, 2 histories; (L. 2009 S.B. 1, A.L. 2011 H.B. 265 merged with S.B. 325)

A trustee of any preneed trust, including trusts established before August 28, 2009, shall not after August 28, 2009, make any decisions to invest any trust fund with:

(1) The spouse of the trustee;

(2) The descendants, siblings, parents, or spouses of a seller or an officer, manager, director or employee of a seller, provider, or preneed agent;

(3) Agents, other than authorized external investment advisors as authorized by section 436.440, or attorneys of a trustee, seller, or provider; or

(4) A corporation or other person or enterprise in which the trustee, seller, or provider owns a controlling interest or has an interest that might affect the trustee's judgment.

Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.